Rent the Runway Inc
Amazon to shut down ‘Try Before You Buy’ rival to Stitch Fix
Packages with the logo of Amazon are transported at a packing station of a redistribution centre of US online retail giant Amazon in Horn-Bad Meinberg, western Germany, on December 9, 2024. Ina Fassbender | Afp | Getty Images Amazon is shutting down “Prime Try Before You Buy,” a competitor to Stitch Fix that allowed Prime […]
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Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark
Nuuly warehouse Natalie Rice Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a profit nearly 15 years into its history. The brand, which […]
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Rent the Runway’s losses narrow as company edges closer to profitability
Rent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work towards profitability. Despite the improvements the company has made, its fiscal 2023 and first-quarter outlook fell short of analysts’ estimates. Its share price fell more than 6% in after-hours trading. Here’s how […]
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Goldman suggests these ignored firms will play a important part in a much more sustainable economy
It is going to acquire more than recycling to decrease the world’s carbon footprint, Goldman Sachs analysts say. The firm sights “interior loop” options — which contain service-oriented companies that repair service, use spare elements, share and refurbish objects — as a “significant and deeply underappreciated possibility” in the transition to producing a circular economic […]
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Stocks generating the biggest moves midday: Cognizant, American Airways, Logitech and a lot more
Los Angeles, CaliforniaJan. 11, 2023Flights get ready to get off at LAX on Jan. 11, 2023 following an FAA computer system problem. Carolyn Cole | Los Angeles Moments | Getty Pictures Verify out the companies producing headlines in midday buying and selling. Cognizant — Shares of Cognizant rose 8% just after the IT organization lifted […]
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Hire the Runway to provide secondhand luxurious on Amazon as it chases profitability
Jennifer Hyman, Lease the Runway Scott Mlyn | CNBC Lease the Runway started advertising its secondhand luxurious dresses Thursday on Amazon as the subscription-primarily based startup proceeds to chase profitability. Hundreds of products from the company’s “pre-loved” collection, as well as new, in no way-worn parts from its “design collective,” can now be purchased right […]
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Shares building the most significant moves midday: GameStop, Dexcom, Cano Wellbeing and much more
In this write-up AI PVH Lease Follow your favorite sharesDevelop Cost-free ACCOUNT Traders work on the investing ground at the New York Inventory Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Andrew Kelly | Reuters Check out out the organizations generating headlines in midday trading Thursday. GameStop — Shares of the video […]
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Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said […]
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Stock futures are very little improved as traders evaluate threat of an financial downturn
U.S. inventory futures were being minor adjusted on Wednesday night pursuing a fifth straight working day of losses for the S&P 500 as Wall Street weighed the likelihood of a recession. Dow Jones Industrial Ordinary futures attained 15 factors, or .04%. S&P 500 futures extra .02%, when Nasdaq 100 futures was up .004%. Shares of […]
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Rent the Runway shares surge after fashion rental company reports stronger quarterly sales
Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC As some shoppers think twice about purchases, Rent the Runway is getting a bump. The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of […]
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